Industrial developer Panattoni has completed the sale of Panattoni Park Koluszki to DL Invest Group for €29 million. The transaction covers a fully leased warehouse and production facility in a strategic location in central Poland.
The development is the first Class A distribution centre in Koluszki. The 40,500 sqm park was delivered to high technical standards and has obtained BREEAM certification.
"The sale of Panattoni Park Koluszki is another confirmation of the market's strong liquidity and growing demand for strategically located, fully leased logistics assets," comments Michał Stanisławski, Co-Head of Capital Markets at Panattoni. "Central Poland is strengthening its position as a key distribution hub, while institutional investors are seeking projects with solid fundamentals and the highest quality."
The property is leased to Kamoka, a European automotive parts brand, which operates a distribution centre at the site, and Pet Republic, part of the LipCo Foods Group, a producer of wet pet food that operates an automated factory alongside warehouse space.
"Another acquisition of an industrial and warehouse property represents a significant strengthening of our position as one of the leading investors and owners of commercial real estate in this part of Europe," says Dominik Leszczyński, CEO of DL Invest Group. "The total value of our portfolio exceeds €1.1 billion and has increased by more than 30% year-on-year."
In recent days, the group also finalised lease agreements for seven additional projects as well as its first data centre, and acquired the Platan Park project in Warsaw.
